effectively? he's so passionate about real data and real legal principles and be found as judge walkertoldusandchat and i refer to that decision, that if we have real data, we will always counter our foes who are trying to throw bias at the sabrett is passionate about that and that is loud be institute to be so successful in what it's done. he has the talent for tracking leading scholars from all over the country in an incredibly successful way so that over the years we have watched brad with his organizational chart and he filled in all the slots and we arrived at where we are today. so i thank you very much for the contribution he has made for us and i will turn it over to him to introduce the panel. >> thanks so much, tom. [applause] i want to start out by thanking tom. we were here at the very beginning like he said in this very room and his step with us along the way and that's really important to work here and around the country. i also want to thank matt and -- for putting together this great panel and doing all the work that gets all of us here in his room for this great commerce s

you do instead of dealing with the policy issues. we have have a very distinguished memberwithus, agood friend of all of us, someone who deals seriously with policy issues and is joined us today and that would be january from illinois. >> also i think today of most significance i believe is my role on the intelligence committee. all of us were given a briefing based on emerging information from the intelligence committee . susan rice, i do -- susan rice went on television based on the information that was available at the time and the briefing that she was given information and intelligence that she had no part in collecting. the kind of statement that is anyone who had been given those briefings would have made in public. obviously, this was on an unclassified buys sis but she was given information that she had that has subsequently been updated. it was not wrong or deliberately misleading in any way. there had been the belief that there had been a protest that developed into this attack. so susan rice as the president very clearly said, if anyone has a problem with the intelli

these people and the results of this investigation, fulfilling compasses obligation to provide oversightofuswehad many opportunities to improve and provide better protection in these opportunities run the gamut from following behavior of those who are in charge entities like mf global, to monitoring and modifying the ways in which the ratings agencies do their business, to their job. and there have been so many failures in so many ways, not only in mf global, but in other, similar stories in recent history. one common strand seems to be that we need to provide our regulators with better tools to pursue the enforcement of laws that existed prior to the massive imposition of dog crank. we do not have infinite resources and our financial marketplace. we do not have infinite resources to pursue every aspect of what regulators might want to pursue in dodd-frank, but they need to be able to dedicate resources to better following the nature of transactions in this rapidly evolving marketplace into understanding how they can curb the excesses of human nature in the case of mr. corzine by a more ef